Harrell Investment Partners LLC Raises Position in Walmart Inc. $WMT

Key Points

• Harrell Investment Partners LLC increased its stake in Walmart Inc. by 11.6% during the 2nd quarter, holding a total of 116,913 shares valued at approximately $11.43 million.
• Walmart reported a net margin of 3.08% and earnings of $0.68 per share for its latest quarter, falling short of analyst expectations.
• Equities analysts have set new target prices for Walmart, with Bank of America increasing its price objective from $120.00 to $125.00, maintaining a "buy" rating.

Harrell Investment Partners LLC grew its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,913 shares of the retailer's stock after acquiring an additional 12,139 shares during the period. Walmart accounts for approximately 2.9% of Harrell Investment Partners LLC's portfolio, making the stock its 7th largest holding. Harrell Investment Partners LLC's holdings in Walmart were worth $11,432,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Operose Advisors LLC boosted its position in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after acquiring an additional 243 shares during the period. Bear Mountain Capital Inc. boosted its holdings in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after purchasing an additional 294 shares in the last quarter. Ridgewood Investments LLC grew its position in shares of Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after purchasing an additional 115 shares in the last quarter. Finally, EQ Wealth Advisors LLC bought a new position in shares of Walmart in the first quarter worth $35,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

NYSE:WMT opened at $102.71 on Thursday. The firm has a market cap of $818.88 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 4.83 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The business has a 50 day moving average price of $99.84 and a 200-day moving average price of $95.81. Walmart Inc. has a fifty-two week low of $78.98 and a fifty-two week high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion for the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of the sale, the executive vice president owned 1,048,455 shares of the company's stock, valued at $108,861,082.65. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,610 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $103.71, for a total value of $166,973.10. Following the sale, the executive vice president owned 645,968 shares of the company's stock, valued at approximately $66,993,341.28. This trade represents a 0.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,816 shares of company stock valued at $13,073,594. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on WMT shares. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Bank of America boosted their price objective on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 target price (up from $108.00) on shares of Walmart in a research note on Monday, August 18th. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, Truist Financial lowered their price objective on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.38.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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